Where Is the Best Place to Buy Gold and Silver Online?

Online banking has made managing money easier than ever. However, it has also led most people to rely solely on digital assets.

gold and silver bullion coins

Precious metals are a popular investment choice for people wishing to buy a tangible asset that retains its value over time. In particular, gold and silver generally maintain their value even when the stock market faces major financial fluctuations.

They also do well in times of inflation and political uncertainties. When traditional stocks fluctuate due to these external factors, precious metals only become more valuable.

Investors who prefer a hands-off approach have the option of purchasing gold and silver stocks. These stocks are traded daily just like any other stock. However, many people prefer to keep a physical store of their precious metal.

While relatively illiquid, buying physical gold and silver is typically viewed as a long-term investment. It’s certainly a practical option if you’re concerned about inflation or the future of fiat currency.

Best Places to Buy Gold and Silver Online

eBay and Craigslist are both great places to start. But unless you’re confident that you’re dealing with a reputable seller, you might want to look into other sites that specialize in precious metals.

To help you find the best place to buy gold and silver, we’ve compiled a list of the best online gold dealers.

Money Metals Exchange

Crediful’s rating
Visit Site
Overview

Money Metals Exchange, or MoneyMetals.com, has received several accolades, including the “Best Overall Gold Dealer” by Investopedia.

They’ve also done over $2 billion in transactions.

Money Metals Exchange has an A+ rating from the BBB. They offer 24/7 online support, indicating a strong commitment to customer service.

Products include gold, silver, rhodium, palladium, and platinum. You can also invest in a self-directed precious metals IRA.

You can often find great deals and promotions on Money Metals Exchange, so it’s a site you may want to bookmark.

Silver Gold Bull

Crediful’s rating
Visit Site
Overview

Silver Gold Bull offers a suite of services for their customers. In addition to buying and selling through the company’s website, you can also store your hard assets in their secure facilities.

Another helpful feature is an automated spot alert. You can get up-to-the-minute data on where prices are throughout the day and buy when they hit your target price.

Plus, the Silver Gold Bull sales team is full of seasoned veterans, so you can get answers to your questions from people who truly know their stuff.

The company sells a wide range of gold, silver, platinum, palladium, copper, and collectibles online and over the phone.

Gainesville Coins

Crediful’s rating
Visit Site
Overview

With an A+ rating from the Better Business Bureau, Gainesville Coins has been keeping customers happy for more than ten years.

In fact, the company has also received a five-star rating from the National Inflation Association—the only bullion dealer to receive such a distinction.

You’ll find a wide selection of gold, silver, platinum, and other metals like copper, palladium, and rhodium on the Gainesville Coins website.

The company also sells pre-1933 gold and has an extensive clearance section with time-sensitive deals. In addition, you can calculate shipping based on your zip code and items placed in your cart. Only Florida residents pay sales tax on their purchases.

Gainesville is one of the best places to buy gold online.

Golden State Mint

Crediful’s rating
Visit Site
Overview

Golden State Mint is a trusted source for premium precious metal products, providing buyers direct access to top-notch items straight from the manufacturer.

With 40+ years of experience, the company inspects each piece with precision before shipment, ensuring its authenticity and quality.

Customers can rest assured that all products are brand-new, never previously owned or circulated.

Investing in precious metals for retirement? Golden State Mint offers expert support in establishing an IRA account, stocked with an array of products that fully comply with IRS standards.

Whether you’re a seasoned pro or just starting out, Golden State Mint is committed to helping you achieve your investment objectives through purchasing physical gold and silver.

Goldco

Crediful’s rating
Visit Site
Overview

Goldco was founded in 2006, and they are known for offering precious metals IRAs. These IRAs operate similarly to traditional IRAs, but instead of investing in mutual funds and stocks, you invest in gold and silver.

According to IRS regulations, you can begin taking penalty-free withdrawals from your precious metals IRA starting at age 59½. And while gold and silver are considered safe investments, the price of your investment will fluctuate.

If you’re interested in pursuing this option, you’ll start by opening an IRA. Then you’ll purchase the coins from Goldco to fund the account.

The minimum purchase order for opening an IRA with Goldco is $25,000. You can also expect to pay storage fees and account maintenance fees every year.

APMEX (American Precious Metals Exchange)

APMEX is one of the largest online dealers in the world, which allows it to pass along savings to its customers. This is due to the sheer volume of business it does each day. Not only can you buy silver, gold, and other metals, you can also sell or trade from your current holdings.

The selection is huge, covering the major precious metals, historic gold coins, “elite” coins, old banknotes, and foreign coins. It also has an extensive collectibles section with rare coins and currency from around the world.

Provident Metals

What started as a precious metals trade show business has launched into one of today’s largest online bullion dealers.

Provident Metals holds several professional memberships. These include the American Numismatic Association, the Professional Coin Grading Service, and the Numismatic Guaranty Corporation.

Provident’s collections include gold, silver, copper, platinum, and palladium, with an extensive selection of each one. In addition to coins, rounds, and bullion bars, Provident Metals also sells U.S. and foreign coins, wholesale products, and IRA bullion products.

You’ll appreciate the company’s attentive service and timely delivery. And if you order $99 or more, shipping is free; otherwise, it costs just $5.95 to ship.

Scottsdale Mint

Scottsdale Silver Stacker Rounds

Scottsdale Mint (formerly Scottsdale Silver) focuses on silver and gold while also offering each in different collectible series. They sell both types of metal in coins, bullion bars, and rounds, with a particular premium set on artistic minting.

For example, some recent popular collectible sets include a Vikings series and a Godfather set featuring images from the iconic movie franchise.

To qualify for free shipping with insurance, you must make a minimum purchase of $500. This may seem steep compared to some other companies providing free shipping at $99. However, much of the allure of Scottsdale Mint comes from the company’s creative minting process.

JM Bullion

Shipping is free on all JM Bullion orders over $199. They sell physical gold, silver, platinum, and other bullion that arrive directly at your door. They inspect every inventory item to ensure only quality products are sold. Payment options include Visa, MasterCard, PayPal, PayPal Credit, bank wires, paper checks, and Bitcoin.

JM Bullion is fully accredited at both state and federal levels. They also have reliable customer service that you can reach via phone or 24-hour Live Chat. Sign up for email, and they will mail you exclusive sales and promotions.

Kitco

Kitco has many precious metal types, including gold, silver, palladium, platinum, and rhodium.

The website also provides a slew of data and news to help you with your portfolio decisions. You can even download apps for gold news, market alerts, and scrap value calculations for your smartphone.

GoldSilver.com

As its name implies, GoldSilver solely sells gold bars, coins, and jewelry and silver bars and coins. They also sell products such as safes and storage containers. You can also create an account to sell back your gold bullion, gold coins, and silver bars through the website.

There’s a flat rate shipping fee of $25 for any order under $500. Otherwise, shipping, handling, and insurance are free. In addition to traditional payment options, GoldSilver also accepts PayPal.

Silver.com

Don’t be fooled by the name. While Silver.com could be the best place to buy silver online, they also sell various gold, platinum, and copper products. In addition to government mints, you can also find gold coins, gold bullion, silver coins, silver bars, and more from private domestic and foreign mints.

The order threshold for free shipping is high at $3,000, but their tiered flat rate shipping fees are reasonable. Smaller orders up to $299 cost just $4.95 for shipping and insurance. The highest tier of orders from $1,000 to $2,999 cost just $9.95.

SD Bullion

Silver, gold, platinum, and copper comprise SD Bullion’s core product line, with coins, bars, and rounds from around the world.

They also sell lead bullion in the form of ammo as well as vaults, survival food, and herbal medicine. In addition, SD Bullion offers weekly specials and currently has a promotion for all orders shipped at just $7.77.

Texas Precious Metals

Texas Precious Metals offers several unique features, including the ability to sign up for limit orders. For example, you can automatically place a standing order if gold or silver reaches your desired value.

All orders ship for free using UPS Next Day Air, and all orders ship within three business days of payment. The website offers a curated selection of gold coins, gold bars, silver coins, silver bars, and pre-1933 gold.

Golden Eagle Coins

Golden Eagle Coins is a place for gold and silver investors and collectors alike. Take one look at their website, and you’ll see why — their inventory is enormous.

Prices are updated in real time as their quotes come directly from the commodities exchange. This is a great site to use if you are researching when to buy.

Shipping is free on orders $99 and over. Also, be sure to check out their bi-monthly blog for new items and savings.

Gold Dealer

Quoted on CNN, CNBC, and PBS, Gold Dealer offers a complimentary newsletter written by industry masterminds Ken Edwards and Richard Schwary.

They have a physical office moments away from LAX. However, if you don’t want to travel to Los Angeles, you can visit website instead. It has everything you’d expect from a reputable gold dealer.

Gold Dealer offers free, insured shipping on every order. Their low prices are the result of reducing operating expenses over time.

Monarch Precious Metals

Monarch Precious Metals is a newer company established in 2008 to help with the immense public demand for gold bullion. They only use quality metals, so anything you buy from them will be .999+ fine.

They triple-check the weight of every bar they ship. If it is ever underweight, they re-melt it. If it’s ever overweight, it’s a win-win for you because they always let it pass and ship it as is.

Everything is custom hand-poured and marked in the old way, giving their metals a unique, old-fashioned look. They accept all methods of payment except PayPal, and every order is properly insured.

CMI: Gold & Silver

An A+ Accredited Business, CMI is located in Phoenix, Arizona. However, CMI will buy and sell precious metals online to investors all over the United States.

Its president, Bill Haynes, considers it his responsibility to educate the public about the dangers and benefits of buying gold and silver products.

He regularly updates his blog on global factors that influence the prices of metals. It’s a helpful resource for determining when to buy.

With solid prices, IRAs, and a plethora of educational material to read, CMI should be a website you routinely check if you are a serious investor.

BGASC: Buy Gold and Silver Coins

With thousands of positive customer reviews, it’s not hard to realize why BGASC is an A+ BBB accredited business. They offer free shipping on orders $99 and up. Every order is insured while in transit. Additionally, they always ship your order the next business day.

BGASC is one of the largest coin and bullion dealers in the US. They sell nearly every type of US coin ever made. They also have a large selection of mints from other countries, such as China, Mexico, and Canada.

The Basics of Precious Metals

Before buying gold or silver, it’s important to understand the different forms they come in. Each type has its pros and cons. Some people focus on one kind they prefer, while others create a diverse mix of different kinds. Before you buy precious metals, figure out which strategy is best for you.

Silver

Let’s start by talking about silver. Typically, you can buy silver either in the form of bullion or junk silver. Silver bullion refers to silver as a bar, coin, ingot, or round.

silver coins

Silver Coins

The most popular silver coins you’ll come across are as follows:

  • American Silver Eagle
  • Canadian Silver Maple Leaf
  • British Silver Britannia
  • Mexican Silver Libertad
  • Austrian Silver Philharmonic
  • South African Silver Krugerrand
  • Australian Silver Kangaroo
  • Chinese Silver Panda

Junk Silver

Junk silver, on the other hand, is any type of old U.S. currency containing real silver. Any U.S. half-quarters, quarters, or dimes minted before 1965 are considered junk silver. However, in reality, they aren’t very junky at all.

You can sometimes find junk silver below the spot price. This can often allow you to start with a profit on your investment.

Silver Rounds

Silver rounds are privately minted silver pieces shaped like coins but produced by private mints. They are not government minted or legal tender, so they are not referred to as coins. The most popular silver round is the American Silver Buffalo. However, Scottsdale Mint also produces some beautiful rounds called “Omnia.”

Gold

Gold also comes in bars and coins, each one giving you a different type of entry point into precious metal investing. Buying gold coins is the easiest way for gold investors to start because you can begin by just purchasing a few at a low price point.

Gold Coins

The most popular gold coins to buy are as follows:

  • American Gold Eagle
  • Canadian Gold Maple Leaf
  • British Gold Britannia
  • British Gold Queen’s Beast
  • Mexican Gold Libertad
  • Austrian Gold Philharmonic
  • South African Gold Krugerrand
  • Australian Gold Kangaroo
  • Chinese Gold Panda

Gold Rounds

Similar to silver rounds, the most popular is the American Gold Buffalo.

Perhaps you’re stocking up as a hedge against inflation or to use as currency in a potential crisis. If so, you’ll find that coins of any type (gold or silver) will be easier to barter with than bars.

If you decide to buy bars, you can get them in different sizes to suit your space or budget. For example, you can purchase 1 to 10-ounce gold bars or up to 100-ounce silver bars. You can even find bars at just a fraction of an ounce if you want to start small.

One of the most significant advantages of this tactic is that you get the lowest premium when you buy larger bars. So while they might not be as easy to sell when you’re ready, you’ll get a better value if you can make that large of an investment upfront.

Copper

While silver and gold are the most popular, there are other precious metals to consider as well. For example, copper also comes in bars, rounds, and coins and is very affordable for novice investors.

Some experts believe it’s a wise investment opportunity because of its rising demand and shrinking supply.

Platinum and Palladium

Platinum is perhaps the most precious of all metals. It’s 15x rarer than gold, and its value exceeds that of gold. Platinum is usually sold as coins minted in the U.S., Canada, or Australia.

Palladium is similar to platinum in its properties and is actually 30x rarer than gold. Because these metals are so rare, not many people invest in them. However, a growing number of investors are adding them to their portfolios. It’s something you may want to consider as well.

Gold and Silver: Frequently Asked Questions

What is the best website to buy gold and silver?

We have listed the most trusted places to buy gold and silver online above. However, it depends on which kind of gold and silver you wish to buy. It also depends on what you consider the best.

Are you looking for the best prices on gold and silver? The best selection? Or perhaps the best shipping policy?

We recommend checking out at least a few of the best online gold dealers we mentioned above, regardless of what your needs are. Compare prices, selection, and shipping policies on numerous sites.

What is the cheapest way to buy gold and silver?

The most cost-effective method of acquiring gold and silver is by buying bars. They tend to have smaller markups compared to spot prices compared to coins, due to their lower production costs.

Buying in bulk is also a smart way to lower the cost per ounce as many online dealers offer discounts for larger purchases.

Is it safe to buy gold and silver online?

Buying precious metals online is as safe as any other transaction you make online. It’s also just as safe to buy online is as it is to buy from a physical retailer. The key is to buy gold and silver from a reputable gold dealer.

Is it better to buy gold coins or bars?

There is no right or wrong answer to this question. It depends on your situation, your needs, your budget, and what you prefer. As mentioned, it’s typically cheaper to buy gold bars. However, you will most likely get a better value from gold coins when it comes time to sell your gold.

Gold and silver coins and small bars offer more flexibility when it comes time to sell. Owning smaller units of gold and silver allows you to sell only a portion of your precious metals instead of your whole portfolio.

How much gold and silver should I own?

Experts recommend holding 5-25% of your net worth in precious metals. However, it depends on your goals, your situation, and risk tolerance. Precious metals can be a great addition to your portfolio as long as you know why you’re adding it.

Can I store gold at home?

Storing gold in your home offers a sense of security and privacy for your valuable assets. As a form of wealth preservation, it provides complete control without the need for outside storage. However, it’s crucial to be mindful of potential security threats and to ensure your assets are adequately insured.

To mitigate these risks, it’s advisable to implement a secure storage system. Ultimately, home storage is a viable solution for individuals who value personal ownership and control of their gold holdings.

Crediful
Meet the author